Francesca G. Caselli

Position

Economist 

European Department 

International Monetary Fund

E-mail:fcaselli@imf.org

Personal homepages: Google scholar - IDEAS Repec 

Twitter: @fgcaselli

CV: (October 2021)


Disclaimer: The views expressed on this website are my own and do not necessarily reflect those of the International Monetary Fund, its Executive Board, or its Management

Publications 

Gender and Employment in the COVID-19 Recession: Evidence on "She-cessions", Labor Economics, Volume 81, April 2023, 102308 (with J. Bluedorn, N.J. Hansen, I. Shibata, and M.M. Tavares) 

Mobility under the COVID-19 Pandemic: Asymmetric Effects across Gender and Age, IMF Economic Review, accepted (with F. Grigoli, D. Sandri, and A. Spilimbergo). 

Expectations' anchoring and Inflation Persistence,  Journal of International Economics, Vol. 32, September 2021 (with R. Bems, F. Grigoli, and B. Gruss). Anchoring Index Data available here 

Heterogeneous effects of fiscal rules: The Maastricht fiscal criterion and the counterfactual distribution of government deficits, European Economic Review, Volume 136, July 2021 (with P. Wingender).

Is Inflation Domestic or Global? Evidence from Emerging Markets, International Journal of Central Banking, forthcoming (with R. Bems, F. Grigoli, and B. Gruss).

Protecting Lives and Livelihoods with Early and Tight Lockdowns, B.E. Journal of Macroeconomics, 2021, CEPR Covid Economics Issue 66, 2021 (with F. Grigoli and D. Sandri). 

Do Fiscal Rules Cause Better Fiscal Outcomes? A New Instrumental Variable Strategy, European Journal of Political Economy, Volume 63, June 2020 (with J. Reynaud).

Gains from Anchoring Inflation Expectations: Evidence from the Taper Tantrum Shock, Economics Letters, Volume 188, March 2020 (with R. Bems, F. Grigoli, and B. Gruss). 

Non-linear Exchange Rate Pass-Through in Emerging Markets, International Finance, 2019; Vol 1:28 (with A. Roitman).

China's Rise, Asymmetric Trade Shocks and Exchange Rate Regimes, Review of International Economics, Vol. 27, No 1 2019.

Did the FX Floor Prevent Deflation in the Czech Republic? Review of Economics and Institutions,  Vol 8, No 2 (2017).

Working Papers

The Distributional Impacts of Worker Reallocation: Evidence from Europe, IMF WP 22/124, (with J. Bluedorn, N.J. Hansen, I. Shibata, and M.M. Tavares) - submitted.

On the Benefits of Repaying, IMF WP 21/233, (with M. Faralli, P. Manasse, and U. Panizza).

Predictive Density Aggregation: A Model for Global GDP Growth,  IMF WP/20/78  - submitted (with F. Grigoli, R. Lafarguette, and C. Wang).

Individual Treatment Effects of Budget Balance Rules, IMF WP/20/274 (with D. Stoehlker and P. Wingender).


Policy contribution

Fiscal Monitor, April 2023, Chapter 1: On the Path of Policy Normalization, (with Enrico Di Gregorio, Gee Hee Hong, Andresa Lagerborg, Salma Khalid, Jiae Yoo). Blog: Fiscal Policy Can Promote Economic Stability and Address Risks to Public Finances.

The Return to Fiscal Rules (2022), IMF Staff Discussion Note, (with Hamid R Davoodi, Carlos Goncalves, Gee Hee Hong, Andresa Lagerborg, Paulo A. MedasAnh D. M. Nguyen, and Jiae Yoo) 

World Economic Outlook, October 2021, Chapter 2: Inflation Scares, (with S. Das, C. Koch,  P. Mishra, and P. Wingender). Blog: Inflation Scares in an Uncharted Recovery. 

World Economic Outlook, April 2021, Chapter 3: Recession and Recovery in Labor Markets: Patterns, Policies, and Responses to the COVID-19 shock, (with J. Bluedorn, W. Chen, N.J. Hansen, J. Mondragon, I. Shibata, and M. M. Tavares).

World Economic Outlook, October 2020, Chapter 2: The Great Lockdown, Dissecting the Economic Impact (with F. Grigoli, W. Lian, and D. Sandri). IMF Blog:  COVID’s Impact in Real Time: Finding Balance Amid the Crisis

World Economic Outlook, April 2020, Chapter 2: Countering Future Recessions in Advanced Economies: Cyclical Policies in an Era of Low Rates and High Debt (with e M. Andrle, P. Barrett, J. Bluedorn, and W. Chen ). IMF Blog:  Making Economies More Resilient to Downturns

World Economic Outlook, October 2018, Chapter 3: Challenges for Monetary Policy in Emerging Markets as Global Financial Conditions Normalizes  (with R. Bems, B. Gruss, and W. Lian). IMF Blog:  Central Bank Credibility Pays of in Times of Stress. Media coverage: Financial Times

Second Generation Fiscal Rules (2018), IMF Staff Discussion Note (Background Analytical Papers) 

2017 Slovakia Article IV Selected Issues : EU Funds: Enhancing Absorption to Reduce Regional Disparities

Book Chapters

Aid Effectiveness in Fragile States, in R. Chami, R. Espinoza and P. Montiel (eds.) Macroeconomic Policy in Fragile States, OUP, 2020, with A. Presbitero

Recent presentations

Keeynote presentation at the 36th International Association for Research in Income and Wealth (IARIW) Virtual General Conference, Norway (August 2021)  

Global Economy Meeting hosted by Banque de France (November 2020)

IMF 21st Jacques Polak Annual Research Conference (November 2020)

Annual International Journal of Central Banking Research Conference (Oslo, May 2019)

XXII Workshop in International Economics and Finance (Kingston, March 2019) 

The Future of Fiscal Integration in Europe (Brussels, February 2018)

US International Trade Commission (Washington DC, December 2017)

European Trade Study Group (Florence, September 2017)